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The Following Is Selected Information from L Corporation for the Fiscal

Question 174

Multiple Choice

The following is selected information from L Corporation for the fiscal year ending October 31, 2022. The following is selected information from L Corporation for the fiscal year ending October 31, 2022. Based on the accrual basis of accounting, what is L Corporation's net income for the year ending October 31, 2022? A) $254,000 B) $224,000 C) $208,000 D) $270,000 Based on the accrual basis of accounting, what is L Corporation's net income for the year ending October 31, 2022?


A) $254,000
B) $224,000
C) $208,000
D) $270,000

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